India’s foreign exchange reserves fell by $3.06 billion to $696.67 billion in the week ended July 11, according to official data released by the Reserve Bank of India (RBI). This mark a second consecutive week of decline. In the previous week on July 4, the country’s foreign exchange reserves had declined by USD 3.049 billion…
India’s foreign exchange reserves surged by $5.17 billion to $696.66 billion for the week ended June 6, data released by the RBI on Friday showed. The sharp rise during the week has brought the country’s forex kitty close to the historic high of $704.885 that was scaled at the end of September 2024. A strengthening…
India’s foreign exchange reserves (forex) dipped USD 4.888 billion to USD 685.729 billion in the week ending May 16, official data released by the Reserve Bank of India (RBI) showed. Estimates suggest that India’s foreign exchange reserves sufficiently cover approximately 10-12 months of projected imports. Even with this weekly loss, the forex kitty is quite…
India’s foreign exchange reserves (forex) rose USD 4.553 billion to USD 690.617 billion in the week that ended on May 9, official data released by the Reserve Bank of India (RBI) showed. The previous all-time high was at USD 704.89 billion in September 2024. After extending gains for the eighth straight week, forex kitty fell…
India’s foreign exchange reserves surged by $4.5 billion to $690.62 billion for the week ended May 9, RBI data released on Friday showed. Foreign currency assets, a major component of the reserves, increased by $196 million to $581.37 billion. Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of…